Details of the Irish Stay and Spend Government Scheme

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Stay and Spend Scheme

The Government announced the July Jobs Stimulus on 23 July which includes some tax rebate measures. Section 7 of the Financial Provisions (Covid-19) (2) Act 2020 provides for the introduction of the Stay and Spend Tax Credit scheme.

Under the scheme, you are entitled to a tax credit equal to 20% of “qualifying expenditure” incurred from 1 October 2020 to 30 April 2021. This is subject to certain limits and conditions.

Qualifying expenditure includes expenditure on accommodation and food and non-alcoholic drink provided by a qualifying service provider. You must spend at least €25 on qualifying expenditure in a single transaction. You must submit proof of expenditure with your claim.

You can claim up to €125 which is the maximum tax credit available under the scheme. For jointly assessed couples, the maximum credit available is €250.

Qualifying criteria for service providers

In order to qualify for the scheme, you as a service provider, must:

  • provide qualifying services

  • be VAT-registered

  • hold a current tax clearance certificate

  • register for the Stay and Spend scheme with Revenue.

You can register for the scheme using the “Stay and Spend - Service Provider Registration” link in the “Other Services” section on Revenue Online Service (ROS). The registration process is quick and easy and accommodates services providers with multiple trading locations. TDM Part 15-01-47 provides a step by step guide on how to complete this process.

As part of the registration process you should enter:

  • Your trading name

  • The type of service you provide

  • The address at which you provide the service including the Eircode

  • and

  • The Fáilte Ireland property registration number (for accommodation service providers only).

After registering you will receive a certificate confirming your status as a qualifying service provider in your ROS inbox.

Individuals are required to submit a copy of their receipt when making a claim for the tax credit. Service providers should issue receipts clearly showing:

  • the name of the business

  • and

  • an itemised breakdown of the services provided.

The itemised breakdown should enable the qualifying and non-qualifying expenditure to be clearly identified.

Where a bill is split between two or more customers, each customer should receive an individual receipt. This receipt should show the share of expenditure incurred by each customer.

Identifying Stay and Spend qualifying service providers

In order to claim the credit, the expenditure must be incurred with a qualifying service provider. You can review the list of qualifying service providers to check that your accommodation or food and drink provider is participating in the scheme.

How to claim the Stay and Spend tax credit

Claims for the tax credit must be supported with proof of the qualifying expenditure incurred. The easiest way to submit proof of expenditure is to take a picture of the receipt and submit it through the Revenue Receipts Tracker App.You must indicate that the receipt relates to the scheme. The picture of the receipt must be legible.

If you pay tax through PAYE you can make your claim by submitting the income tax return (Form 12) for the 2020 period in MyAccount.

If you are self-employed you can make your claim by submitting the Form 11 for the 2020 period in ROS.

Both the Income tax return and Form 11 for the 2020 period will be available from 1 January 2021. Your receipts (as proof of expenditure) should be submitted prior to submitting your return.

TDM Part 15-01-47 provides a step by step guide on how to upload a receipt and submit a claim for the Stay and Spend tax credit.

Other supporting material will be published in due course.

Delighted to help hoteliers with creating a strategy around this initiative.

We are offering a free 30minutes fact finding session to see what your needs are and how we can assist.

Tel +353 87 742 6666

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